Sports News and Press Releases about Outdoor Industry Business
Want to stay up to date on the latest press releases and business news in the outdoor sports and camping industries? Scroll below to view all outdoor industry business news.
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May 22, 2023
Canada Goose Sales Up 31.4% on International Success
Strength in China as well as the Europe, Middle East, and Africa region helped performance luxury brand Canada Goose record a 31.4% increase in sales for the fiscal fourth quarter ended April 2. The company said it is looking to grow in the future by increasing its appeal with younger...
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May 18, 2023
KOA Shakes Up Campground Management Positions
Kampgrounds of America (KOA) announced two new leaders tasked with leading both franchise and owned campground operations. Jill Currier has been promoted to senior vice president of operations for the owned properties of KOA, while Bill Gottwals joins the company to oversee the franchised locations as senior vice president of...
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May 11, 2023
Yeti Posts Q1 Revenue Growth Despite Recalls
Yeti managed to post revenue growth in the first quarter despite the negative impacts of the voluntary recall of three different products due to safety concerns and a slower pace of wholesale orders in North America. In March, Yeti initiated the voluntary recall of the Hopper M30 Soft Cooler, the...
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May 11, 2023
Solo Brands acquires TerraFlame
Adding to its portfolio of direct-to-consumer companies, Solo Brands on Thursday announced it acquired TerraFlame for an undisclosed amount. TerraFlame’s team will become a part of Solo Brands, including CEO Lenny Vainberg, who will transition to the role of TerraFlame general manager, according to a company press release emailed to...
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May 10, 2023
Merrell and Saucony the Stars for Wolverine Worldwide in Q1
Hiking brand Merrell and running brand Saucony were the stars for parent company Wolverine Worldwide in the first quarter ended April 1. The company believes those two brands, along with active brand Sweaty Betty, have the most potential to grow and is focusing its efforts and investments on them. The Daily OR
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May 10, 2023
GoPro Q1 revenue down 19% in Q1
For the quarter ending March 31, revenue was $175 million, compared with $217 million at the same time last year. Subscribers were up 36% year-over-year (2.36 million). GoPro.com revenue, including subscription and service revenue, increased 7% year-over-year at $95 million (54% of all revenue). Retail channel revenue was $80 million,...
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May 9, 2023
U.S. Ski Industry Reports Record Visitation
Preliminary numbers from the National Ski Areas Association (NSAA) indicate record visitation at U.S. ski areas for the 2022-23 season, with a total of 64.7 million skier visits, a 6.6% increase over the previous season. A skier visit is recorded every time an individual uses a lift ticket or pass...
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May 5, 2023
Employees at REI’s only Chicago location vote to unionize
Workers at REI’s only Chicago location voted to unionize with the Retail, Wholesale and Department Store Union in an election held by the National Labor Relations Board on Thursday. Employees of the outdoor goods retailer’s Chicago location said yes to the union in a vote of 41 to eight, with...
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May 3, 2023
Despite Fitness growth, Garmin revenue decreases 2% in Q1
Garmin Ltd. first-quarter revenue decreased 2% year-over-year despite its Fitness segment revenue increasing 11%. Overall company revenue was $1.15 billion for the period ending April 1, compared with $1.17 billion at the same time last year. Fitness revenue — including bike GPS head units and accessories, power meter pedals, and...
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May 3, 2023
OR, Surf Expo Parent Sees Strong Double-Digit Revenue Growth In First Quarter
Emerald Holding, Inc., the owner and producer of the Outdoor Retailer and Surf Expo trade shows, reported that first-quarter 2023 revenues were $122.3 million, an increase of 24.2 percent versus the first quarter 2022, driven by revenue growth in events that staged in both periods as well revenue from three...
